I was reading about HTC earlier and their revenue was spun as a good thing (Engadget I think). Are the mainstream press deluded?
Well their initial profit estimate is up to ~ $50m for the second quarter, but there was a huge slow down in revenues in June that could destroy the July-Sept quarter. Also since it would be strange to launch high profile products in these months there is not so much opportunity for them to replace the income from falling One sales. The One Mini and One Max will probably come towards the end of the quarter with just two weeks of shipments included.
The One revenue bump lasted for three months (March, April, May) and even then they were not able to overtake last year's dismal performance. That shows since net profit is down from $250m in the same quarter last year. That, in addition to the slow down shows that the One was a purely internet phenomenon, the mass market didn't respond to Boom Sound and a smaller screen or Sense 5.0 which is what the markets will take on board for the next quarter's performance.
I also don't think their phone being on VZW or as a Google edition will make much difference at all. What we will start to see now is aggressive pricing as HTC try to maintain sales over the summer while they wait for the One Mini and One Max to release. Again the competition is going to be very strong this Q4 though, especially in the lucrative phablet sector, the Note 3 and Z Ultra are definitely the phablets to beat this Q4 and with rumours that HTC are sticking with S600 for their phablet I think it will be under siege from Samsung and Sony the day it releases.